Korea Trade Insurance Corp. (K-SURE) has released the trade insurance big data platform “K-Sight.” K-SURE said on Nov. 14 the corporation launched “K-Sight,” a combination of export knowhow the corporation has accumulated for the past 30 years and big data technology.
In this regard, on the previous day, K-SURE held a ceremony to declare data-based management and introduce a trade insurance big data platform.
K-Sight is a digital export support platform, designed to support diverse decision-making necessary for exports by processing and analyzing information on about 30,000 trade insurance customers and 4.8 million overseas transactions, owned by K-SURE, and information collected by outside organizations.
The platform is designed to raise responsibility and reliability as a public entity and improve the quality of public life.
The representative functions of the platform include overseas trade danger index (risk index), guidance on trade insurance, tailored to meet needs, and dangerous transaction line inquiry services.
The platform is designed to offer solutions optimized for exporters by making the most of the latest digital technologies, such as AI and big data.
K-SURE expects that the launch of K-Sight will help exporters with insufficient export experience and information infrastructure manage risks related to overseas transactions by raising access to information necessary for exports.
K-SURE President Lee In-ho said, “The trade insurance big data platform will be a guide designed to overcome hard export conditions by offering insights beneficial to Korean exporters through opening of core data owned by K-SURE, and diverse services will be arranged to bring practical benefits to Korean exporters by connecting trade insurance data and overseas information in the future.”
Chung Jae-yong of the Project Finance Division at K-SURE gives a welcoming speech at the Energy Round Table, being hosted by K-SURE in cooperation with the U.S. Department of Energy at Crescendo Building in Seoul on Nov. 15.
K-SURE holds energy roundtable with DOE
Korea Trade Insurance Corp. held the Energy Round Table in cooperation with the U.S. Department of Energy (DOE) to help Korean companies implement clean energy projects in the United States at Crescendo Building in Seoul on Nov. 15.
DOE is responsible for the United States’ energy policies and energy R&Ds. The Loans Program Office under the umbrella of DOE is operating a regime to finance clean energy development projects.
The Energy Roundtable was part of an MOU both institutions struck in September. Ten Korean companies, seven global financial institutions and Kim & Jang Law Firm participated in the event.
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